MicroStrategy unveiled MicroStrategy Orange, a decentralized identity (ID) platform on the Bitcoin network during the Bitcoin for Corporations 2024 event. This signifies a major advancement in business solutions. Executive Vice President Cezary Raczko described MicroStrategy Orange as a groundbreaking tool for developing decentralized identity applications on the Bitcoin blockchain. The platform features a robust service cloud for issuing identifiers to users and organizations and a tripartite architecture to address digital identity challenges with pre-packaged applications. This launch demonstrates MicroStrategy's commitment to integrating Bitcoin into corporate frameworks and leading the way in blockchain technology evolution. Raczko envisions the integration of Bitcoin-based digital identities across industry messaging platforms and verifiable credential ecosystems for a seamless verification process. The ultimate goal is to securely link identities to the Bitcoin blockchain for a wide range of use cases, including education and healthcare records.

*This is not investment advice.